Selected update
Updated: 04/2016 Parameter update history
| Effectiveness: | |
|---|---|
| Progression: | |
| The law is adopted but not yet in force |
The exception from the requirement of disclosure of ultimate beneficial owners of companies for those owners which acquired their interest via stock markets (regulated markets) is not being dealt with either in the new Act on public procurement, which was approved, nor in the proposal of law amending the Act on public registers, which is in the Lower Chamber of the Parliament. Nevertheless, the exception can be possibly applied if read in conjunction with the definition of the beneficial owner contained in the EU Anti-money Laundering Directive. The exception for banks and insurance companies whose ownership structures and ultimate beneficial owners are under surveillance of the Czech National Bank, is not foreseen.
Compared to current state
Updated: 10/2016 Parameter update history
| Effectiveness: | |
|---|---|
| Progression: | |
| The law is in force |
The exception from the requirement of disclosure of ultimate beneficial owners of companies for those owners which acquired their interest via stock markets (regulated markets) is not being dealt with either in the new Act on public procurement, which entered into force, nor in the proposal of law amending the Act on public registers, which is in the Lower Chamber of the Parliament. Nevertheless, the exception can be possibly applied if read in conjunction with the definition of the beneficial owner contained in the EU Anti-money Laundering Directive. The exception for banks and insurance companies whose ownership structures and ultimate beneficial owners are under surveillance of the Czech National Bank, is not foreseen.